CABALE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CABALE
Largest movements
- Cash +€689,304
up €689,304 (+135,909%), from €507 to €689,811
mainly Net result for the year (+€434,129) and Provisions (+€165,725)
- Tangible fixed assets -€184,678
down €184,678 (-99.9%), from €184,879 to €200
of which Land and buildings: -€128,954
- Receivables within one year -€7,773
down €7,773 (-99.8%), from €7,786 to €13
- Reserves +€497,176
up €497,176 (+874%), from €56,859 to €554,035
of which Tax-exempt reserves: +€497,176
- Provisions +€165,725
new in 2025: €165,725
- Profit (loss) carried forward -€63,047
down €63,047 (-66.3%), from -€95,117 to -€158,163
- Other debts -€57,617
down €57,617 (-38.8%), from €148,476 to €90,859
- Trade debts -€18,572
down €18,572 (-88.3%), from €21,033 to €2,461
- Gross operating margin +€669,289
up €669,289, from -€26,271 to €643,019
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €193,202 | €690,874 | +€497,672 | +258% |
| Fixed assets | 21/28 | €184,879 | €200 | -€184,678 | -99.9% |
| Tangible fixed assets | 22/27 | €184,879 | €200 | -€184,678 | -99.9% |
| Land and buildings | 22 | €128,954 | - | -€128,954 | |
| Plant, machinery and equipment | 23 | €53,391 | - | -€53,391 | |
| Furniture and vehicles | 24 | €2,534 | €200 | -€2,334 | -92.1% |
| Current assets | 29/58 | €8,323 | €690,673 | +€682,350 | +8,198% |
| Amounts receivable within one year | 40/41 | €7,786 | €13 | -€7,773 | -99.8% |
| Trade receivables | 40 | €7,786 | €13 | -€7,773 | -99.8% |
| Cash at bank and in hand | 54/58 | €507 | €689,811 | +€689,304 | +135,909% |
| Deferred charges and accrued income | 490/1 | €30 | €849 | +€819 | +2,717% |
| Total equity and liabilities | 10/49 | €193,202 | €690,874 | +€497,672 | +258% |
| Equity | 10/15 | -€23,340 | €410,789 | +€434,129 | |
| Contributions | 10/11 | €14,917 | €14,917 | = | 0.0% |
| Reserves | 13 | €56,859 | €554,035 | +€497,176 | +874% |
| Tax-exempt reserves | 132 | - | €497,176 | +€497,176 | |
| Distributable reserves | 133 | €56,859 | €56,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,117 | -€158,163 | -€63,047 | -66.3% |
| Provisions and deferred taxes | 16 | - | €165,725 | +€165,725 | |
| Deferred taxes | 168 | - | €165,725 | +€165,725 | |
| Amounts payable | 17/49 | €216,542 | €114,359 | -€102,183 | -47.2% |
| Amounts payable after more than one year | 17 | €9,555 | - | -€9,555 | |
| Financial debts | 170/4 | €9,555 | - | -€9,555 | |
| Amounts payable within one year | 42/48 | €206,586 | €114,335 | -€92,251 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €4,548 | - | -€4,548 | |
| Financial debts | 43 | €32,061 | €19,047 | -€13,014 | -40.6% |
| Credit institutions | 430/8 | €32,061 | €19,047 | -€13,014 | -40.6% |
| Trade debts | 44 | €21,033 | €2,461 | -€18,572 | -88.3% |
| Suppliers | 440/4 | €21,033 | €2,461 | -€18,572 | -88.3% |
| Taxes, remuneration and social security | 45 | €468 | €1,968 | +€1,500 | +320% |
| Taxes | 450/3 | €468 | €1,968 | +€1,500 | +320% |
| Other amounts payable | 47/48 | €148,476 | €90,859 | -€57,617 | -38.8% |
| Accrued charges and deferred income | 492/3 | €401 | €24 | -€377 | -94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,479 | €32,323 | -€4,155 | -11.4% |
| Other operating charges | 640/8 | €2,974 | €2,354 | -€620 | -20.8% |
| Non-recurring operating charges | 66A | - | €256 | +€256 | |
| Gross operating margin | 9900 | -€26,271 | €643,019 | +€669,289 | |
| Operating profit (loss) | 9901 | -€65,723 | €608,085 | +€673,808 | |
| Financial income | 75/76B | €5 | €6 | +€1 | +21.2% |
| Recurring financial income | 75 | €5 | €6 | +€1 | +21.2% |
| Financial charges | 65/66B | €6,047 | €8,136 | +€2,089 | +34.6% |
| Recurring financial charges | 65 | €6,047 | €8,136 | +€2,089 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | -€71,765 | €599,955 | +€671,719 | |
| Transfer to deferred taxes | 680 | - | €165,725 | +€165,725 | |
| Income taxes | 67/77 | €414 | €100 | -€314 | -75.8% |
| Profit (loss) for the period | 9904 | -€72,178 | €434,129 | +€506,308 | |
| Transfer to tax-exempt reserves | 689 | - | €497,176 | +€497,176 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,178 | -€63,047 | +€9,132 | +12.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.